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Alias Born | 12/07/2003 |
Wednesday, December 16, 2020 12:38:41 PM
I've found two reference points that show the outstanding shares to be north of 9 billion. One is posted at the end of this msg. With roughly 4 billion exchanging hands in the past 3-plus trading days, it really depends on who is doing the big buying. If it's Mersky & Co., with the intent of taking shares out of circulation (the opposite of dilution) before the share exchange with Sibannac, it should bode well for future stock value. If it's not Mersky directing the buying, with mostly private investors jumping in, we could tread water again. As most folks here know, the stock price is first and foremost determined by supply and demand, followed closely by greed and fear. My two cents. See link below.
https://www.cnbc.com/quotes/?symbol=DRNK
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